Energy

One of the world’s largest oilfield serving companies, Halliburton Company, has appointed Lance Loeffler Chief Financial Officer. The company said in a statement that Mr. Loeffler will lead the company’s financial functions, including financial planning and analysis, accounting and financial reporting, tax, internal assurance, treasury, corporate development and investor relations. […]

Italy’s Eni and Mubadala Investment Company have signed an agreement today for the sale of a 20% participating interest, out of Eni’s share, in the Nour North Sinai Offshore concession, in Egypt. The asset was sold to Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company. In the concession, […]

Total and Abu Dhabi National Oil Company have signed a concession agreement to launch an unconventional gas exploration program in the high potential Diyab play that spreads over 6 000 km2 to the west of the prolific ADNOC Onshore concession, in Abu Dhabi. The concession allows for two exploration and […]

Rio Tinto has completed the lease and sale of a wharf and land in Kitimat, British Columbia, to LNG Canada for a consideration of $576 million. The company said in a statement that LNG Canada, a joint venture comprising Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS entered into an Option […]

BP said it has completed the $10.5 billion acquisition of BHP’s U.S. unconventional assets. The deal will significantly upgrade BP’s U.S. onshore oil and gas portfolio and help drive long-term growth. The acquisition – which was announced in July and closed as scheduled on October 31– adds oil and gas […]

ExxonMobil said that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout […]

Eni and Algeria have signed an agreement that will see Eni take a 49% stake in three oil concessions in the onshore North Berkine basin, located in the Algerian desert. The agreement, which was signed at the Algeria Future Energy Summit in Algiers, will cover three areas: Sif Fatima II, […]

BP today confirmed it has received approval from the Oil and Gas Authority (OGA) to proceed with the Alligin development west of Shetland. The company said the project will target 20 million barrels of oil equivalent and is expected to produce 12,000 barrels gross of oil equivalent a day at […]

Total and CNOOC1 have signed an amendment to their existing sale and purchase agreement (SPA) for liquefied natural gas (LNG) supply to further strengthen their cooperation in the LNG business. The partners have increased the contract volume from 1 million tons per annum (Mtpa) to 1.5 Mtpa of LNG, sourced […]

London-based Petrofac said it has completed the sale of 49% of the Company’s operations in Mexico. The Mexican unit of the London energy company was sold to Perenco (Oil & Gas) International Limited, following approval from the Federal Competition Commission of Mexico (COFECE).